I hope you're right, and I tend to agree- it seems he's just too smart to be taken in by a plan that involves a fake market theater piece created to satisfy some visceral need for the 'Invisible hand" to validate their ideology.
"Toxic asset plan involves big subsidies"--NYT

But by the time Geithner and Summers slide into the dustbin, will the remaining political environment be one in  which a true progressive plan can be installed? Or will the US be the Wiemar Republic all over again?

Capitalism searches out the darkest corners of human potential, and mainlines them.